Financials PT Solusi Bangun Indonesia Tbk

Equities

SMCB

ID1000072309

Construction Materials

End-of-day quote INDONESIA S.E. 06:00:00 2024-05-26 pm EDT 5-day change 1st Jan Change
1,350 IDR -2.53% Intraday chart for PT Solusi Bangun Indonesia Tbk -3.57% +0.37%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,444,566 9,042,222 11,034,576 15,242,756 12,852,619 12,131,069
Enterprise Value (EV) 1 22,361,448 17,317,931 19,440,889 19,660,063 15,461,946 14,707,718
P/E ratio -17.4 x 18.1 x 17 x 19.3 x 15.3 x 13.6 x
Yield - 0.31% - 1.42% 1.96% -
Capitalization / Revenue 1.39 x 0.82 x 1.09 x 1.36 x 1.05 x 0.98 x
EV / Revenue 2.15 x 1.57 x 1.92 x 1.75 x 1.26 x 1.19 x
EV / EBITDA 22 x 10.2 x 9.15 x 9.35 x 7.55 x 6.97 x
EV / FCF 142 x 163 x -8,023 x 26.3 x 8.1 x 147 x
FCF Yield 0.71% 0.61% -0.01% 3.8% 12.3% 0.68%
Price to Book 2.25 x 1.29 x 1.46 x 1.36 x 1.08 x 0.97 x
Nbr of stocks (in thousands) 7,662,900 7,662,900 7,662,900 9,019,382 9,019,382 9,019,382
Reference price 2 1,885 1,180 1,440 1,690 1,425 1,345
Announcement Date 4/1/19 2/29/20 2/19/21 3/1/22 2/27/23 3/8/24
1IDR in Million2IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,377,729 11,057,843 10,108,220 11,218,181 12,262,048 12,371,333
EBITDA 1 1,016,198 1,698,413 2,125,453 2,103,760 2,048,717 2,110,647
EBIT 1 -27,414 1,171,960 1,583,524 1,494,608 1,445,977 1,473,691
Operating Margin -0.26% 10.6% 15.67% 13.32% 11.79% 11.91%
Earnings before Tax (EBT) 1 -684,197 407,610 977,898 1,088,306 1,169,870 1,230,626
Net income 1 -827,985 499,052 650,988 720,933 839,276 894,645
Net margin -7.98% 4.51% 6.44% 6.43% 6.84% 7.23%
EPS 2 -108.1 65.13 84.95 87.64 93.05 99.19
Free Cash Flow 1 158,003 106,303 -2,423 747,697 1,908,821 99,886
FCF margin 1.52% 0.96% -0.02% 6.67% 15.57% 0.81%
FCF Conversion (EBITDA) 15.55% 6.26% - 35.54% 93.17% 4.73%
FCF Conversion (Net income) - 21.3% - 103.71% 227.44% 11.16%
Dividend per Share - 3.600 - 23.98 27.92 -
Announcement Date 4/1/19 2/29/20 2/19/21 3/1/22 2/27/23 3/8/24
1IDR in Million2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 7,916,882 8,275,709 8,406,313 4,417,307 2,609,327 2,576,649
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 7.791 x 4.873 x 3.955 x 2.1 x 1.274 x 1.221 x
Free Cash Flow 1 158,003 106,303 -2,423 747,697 1,908,821 99,886
ROE (net income / shareholders' equity) -12.2% 7.45% 8.95% 7.69% 7.28% 7.34%
ROA (Net income/ Total Assets) -0.09% 3.83% 4.91% 4.42% 4.22% 4.23%
Assets 1 926,157,718 13,025,317 13,255,982 16,295,954 19,905,982 21,168,015
Book Value Per Share 2 837.0 911.0 987.0 1,240 1,315 1,386
Cash Flow per Share 2 43.90 50.50 68.70 32.20 32.60 37.60
Capex 1 397,046 276,433 389,693 485,159 869,504 761,667
Capex / Sales 3.83% 2.5% 3.86% 4.32% 7.09% 6.16%
Announcement Date 4/1/19 2/29/20 2/19/21 3/1/22 2/27/23 3/8/24
1IDR in Million2IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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